Adam Neumann, Trying Stand-Up Comedy On for Size, Is Attempting to Buy Back WeWork
So far it appears that the company wants nothing to do with him.
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So far it appears that the company wants nothing to do with him.
It also highlights the lingering effect of SoftBank's "defence mode", a strategy it adopted after being hit by plummeting valuations in the aftermath of the pandemic, when higher interest rates eroded investor appetite for risk.
Adam Neumann, the ousted founder of WeWork, is exploring a deal to buy back the office sharing company.
Adam Neumann's new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, the sources said.
Neumann's new real estate company, Flow Global, has sought to buy WeWork or its assets, as well as provide bankruptcy financing to keep it afloat, the sources said., DealBook first reported the development, saying Neumann's lawyers sent a letter to WeWork on Monday, claiming Daniel Loeb's hedge fund Third Point would help finance the transaction.